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Kallanish Kallanish

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January, 17th 2020

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Weekly Steel

2 Jan. 14, 2020

Kallanish Steel Weekly: Myriad factors muddy global steel outlook

The beginning of 2020 has brought a number of major uncertainties to the steel market. The International Rebar Exporters and Producers Association, Irepas, has issued its first outlook of the year qnd confirms that many conflicting factors are making the establishment of firm prognoses quite difficult.

In the long products …

1 Jan. 7, 2020

Kallanish Steel Weekly: Average raw material prices in 2019 outperform expectations

Last year saw dramatic movements in raw material prices. Most of the outlooks issued at the end of 2018 for the year ahead proved to be wrong, as is often the case. During the year, a number of unexpected events fuelled high volatility in iron ore and scrap prices globally, …

51 Dec. 23, 2019

Kallanish Steel Weekly: Global steel production down again in November despite Chinese recovery

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 147.8 million tonnes in November 2019, down -1% year-on-year. A rise in Chinese output compensated for falls in most other major steel-producing countries.The November data was the third negative growth for global crude …

50 Dec. 17, 2019

Kallanish Steel Weekly: 2020 steel outlook dips for EU, stabilises for Russia, LatAm

Ratings analyst Moody’s has prepared its outlook for the steel sector for next year.

Moody’s foresees a negative outlook for the European steel sector in 2020. The rating agency notes that the outlook could change only if fundamentals for the continent’s economy perform better than expected and margins for steelmakers …